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Here is how Tron (TRX) has proved its critics wrong

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At the time when Tron was created, the cryptocurrency received lots of criticism. Initially, many thought the project would be a failure and won’t last that long. Most crypto enthusiasts also believe that Tron would vanish under impracticable codes.

It doesn’t end there. When Tron unveiled its interest to take responsibility for creating a decentralized Web – which is the primary goal of Tron, it really wasn’t easy for Justin Sun and his team as they were criticized as a blockchain without no product. But were these critics correct?

Tron has answered all its critics

It was discovered that Tron had plagiarized its Whitepaper from Ethereum, people began to label Tron as a failure. Nonetheless, Tron has been very lucky in the crypto sphere.

Its Initial Coin Offering was held in September 2017 and it came at the time when cryptocurrency was beginning to gain fame, thus, offering the crypto sphere more than $500 billion by the end of the year. At that time, Tron – the cryptocurrency initially labeled as a failure, recorded a meteoritic sale of $70 million.

After releasing its press release, Tron increased from $0.04 to $0.3 in just a few weeks. Since then, it has attracted a lot of investors in the crypto market today, and even now, it is still doing a relatively good job (considering the bloodbath that crypto market has been seeing from time to time this year so far).

We do know that it is a normal phenomenon for a digital asset to undergo hefty disapprovals on the part of its community; one can clearly see that with Cardano (ADA) and Ripple (XRP). It was said that Cardano was bought by some people with no future promises of realistic profits (which is wrong). Ripple, on the other hand, received lots of critics on the number of FinTech companies that have really adopted its products.

Even though critics and misinformation have given tough time to Tron, the blockchain firm’s answers have proved to be worthwhile. Talking about some of its most recent successes, the cryptocurrency acquired BitTorrent, and it is also working on new projects such as the Project Atlas.

Tron’s MainNet and its Virtual Machine

Tron’s MainNet was created to gain independence from Ethereum and for developers to get the avenue to develop Dapps (Decentralized Applications) on Tron’s network. The MainNet was launched on May 31s this year. As GlobalCoinReport reported at that time, Tron’s MainNet didn’t bring a surge to its price, which may be because the publicity around it was over.

During that period, it seemed Tron needed to work more to attain investors’ prospects.  Also, Tron’s Virtual Machine was launched recently, but it still hasn’t surge its price (credit goes to the whole crypto market’s dip).

At the moment, Tron’s investors are discarding the misinformation and inadequacies, but looking at its long-term visions.

Tron’s surge and dips

The long-term prospects haven’t evidenced its value yet. At the time of writing, Tron is priced at $0.01752 and ranked No.13 according to CoinMarketCap. Not too long ago, Tron was labeled as one of the ‘most used’ cryptocurrencies on 200+ online stores according to Bitcoin Superstore.

Consequently, the crypto has received lots of attention lately – even though it allegedly erred by plagiarizing its ICO. Not to forget, Tron’s Reddit community has more than 65,000 users currently. With all that in mind, Tron is set to recover soon, all we need do is to wait and see what will occur before the year closes. If the market recovers well, the coin might follow suit efficiently, but it won’t surge alone as it can’t as of now at least.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Daniel Páscoa on Unsplash

Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Why Tron (TRX) Price Won’t Remain Low for Long

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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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